The goal is to create a gap for the price to continue running before meeting the nearest EMA resistance line If you want to filter the last price line to be large enough to move breakeven when the price touches TP0, then you set rangelimit_Ema >=RRTP0...
1/ Basic terms about candles: Range (Candle Range ) : - Calculation formula: Range = High price - Low price - Meaning: is the largest fluctuation in the period of 1 candle => Shows the moment of price push of the dominant side...
1/ Theory of EPS : EPS intrinsic parameter setting Filter the rangelimit of the EPS signal 2 / Install Alerts EPS at SetupDialog: Push_ALert_ EPS : Open to receive EPS alerts ( Engulfing/Pinbar Signal...
Up Trend: + The back peak is higher than the previous one + The back bottom is higher than the previous bottom Down Trend : + The back peak is lower than the previous one + The back bottom is lower than the previous bottom 2/ Current key level : If Up Trend: => Current key level is set at the...
1/ Key level theory : Basic key level 2/ See the summary of the keylevel status of the Scancharts at the keylevel tabs Each cell corresponding to Symbol (row) and Timeframe (Column) is a Scan chart...
1/ Install Trailing Stop: Install in TradeTool tabs => View Tradetool Settings. 2/ Principle of operation of TrailingStop mode. Step 1: When entering the order ( manual entry or autotrade ) . Tool will determine where to move TrailingStop for the first time (if TrailingStop mode is on...
1/ Open the Trade Tool settings panel ( Applicable to orders entered manually by the panel ) 2/ Custom settings: Open Buy Panel / Open Sell Panel ( Click to open the Panel and manually drag and drop entry , SL , TP ) + Click the Click to Buy / Click to Sell button to confirm the manual entry...
0/ Open Symbol/Timeframe Dialog (After opening SetupDialog keep pressing the button as shown) Interface of Setup Symbols/Timeframes : 1 / Find follow Type (Select the Symbols group) Market Watch : Group of Symbols you have opened in the Market Watch Panel ( Ctrl + M ) Majors (6 major forex pairs...
1/ Click to open SetupDialog settings panel ( settings apply to the currently open chart) Open SetupDialog : From the Main Panel, click the setupDialog icon. 2/ setup input parameters for current chart : //--- common_setup Push_Alert_EPS : Open to receive EPS alerts ( Engulfing/Pinbar Signal...
1/ The General Inputs settings panel ( General setting applies to all charts ) 2/ Custom settings: MagicNumber : This is the Code (you specify) to store the tool's data...
Common interface 0/ When opening the tool: Select the language and select the number of Panels - Yes = English : The display language is English. - Yes = MiniChart in Sub Panel : Tool will include 2 control panels, Main Panel and Sub Panel. - No = Vietnamese : Display language is Vietnamese...
When you place a pending buy stop order with a trigger price that is sensitive to the bid-ask spread, it's possible for the order to be triggered even if the chart does not reflect the price reaching the level you specified...
If you're interested in making gains in the gold market, the 5 minute gold scalping strategy may be a suitable solution. This trading approach involves making multiple trades within a single session to capitalize on small price movements...
Are you a trader looking for a fast-paced and high-frequency trading technique? Then the scalping trading strategy might be the perfect fit for you. Scalping is a popular trading technique that allows traders to take advantage of small price movements in the market...
Hello traders, Markets were very slow today. I managed to spot only two quality setups. A short setup on GBPUSD H1, and long setup on AUDUSD M30. Finally both of them were in Green. My risk reward for the first trade was a bit less than 1:1 and for the second trade a bit more than 1:1...
FTMO Copier short Manual Open Master Account, to copy from it to a Slave Account --> Turn on AUTO trading button --> Download the Master Tool https://www.mql5.com/en/market/product/94454 Allow DLL imports Master --> Open your Slave Account for copying Download the Slave EA https://www...
When to Use Fundamental vs Technical Analysis? Technical analysis is a more reliable method than fundamental analysis for forecasting future price movements, at least when applied to trend / momentum...
Inside Bar is a candlestick pattern signaling low volatility period in a market. It means that there are not many orders coming to the market and that bulls as well as bears stay calm, and waiting for further market development. It is very easy to spot the Inside Bar pattern in your charts...
GBP/USD is attempting a recovery wave above the 1.2000 resistance. GBP/JPY could rise further unless there is a downside break below the 160.50 support. Important Takeaways for GBP/USD and GBP/JPY · The British Pound is slowly moving higher above 1.2000 against the US Dollar...
